U.S. Bank deposits by individuals grew from 4% of GDP at the time of the National Banking Acts in 1863-64 to 23% by the … time of the Federal Reserve's founding. A comprehensive collection of bank- level data shows that most gains occurred …

-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …

. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank … correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help … reallocate the bank's funding …

-rate sensitivities of their expenses and income one-for-one, so that banks with less interest-sensitive deposits (more market power) hold …

that centers on the existence of an increasingly efficient market for bank shares. The stock market was important because …

Is bank capital structure designed to extract deposit subsidies? We address this question by studying capital structure … banks finance themselves primarily with short-term debt and originate long-term loans. However, shadow bank debt is provided … primarily by informed and concentrated lenders. (4) Shadow bank leverage increases substantially with size, and the …

even if depositors and bank owners have the same preferences and the same investment opportunities. Various government …

A lending boom is reflected in the composition of bank liabilities when traditional retail deposits (core liabilities …

show instead that transactions deposits help banks hedge liquidity risk from unused loan commitments. Bank stock …